Mount Yale Investment Advisors LLC Sells 14,162 Shares of Lloyds Banking Group plc (NYSE:LYG)

Mount Yale Investment Advisors LLC decreased its holdings in shares of Lloyds Banking Group plc (NYSE:LYG) by 7.4% during the third quarter, HoldingsChannel reports. The fund owned 176,361 shares of the financial services provider’s stock after selling 14,162 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Lloyds Banking Group were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Mondrian Investment Partners LTD lifted its holdings in Lloyds Banking Group by 39.2% during the 1st quarter. Mondrian Investment Partners LTD now owns 89,948,537 shares of the financial services provider’s stock worth $232,967,000 after purchasing an additional 25,351,270 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Lloyds Banking Group in the second quarter worth about $36,252,000. Envestnet Asset Management Inc. boosted its position in shares of Lloyds Banking Group by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 8,577,101 shares of the financial services provider’s stock valued at $23,415,000 after acquiring an additional 2,841,956 shares during the period. O Shaughnessy Asset Management LLC grew its stake in Lloyds Banking Group by 195.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 2,833,546 shares of the financial services provider’s stock valued at $7,339,000 after acquiring an additional 1,875,688 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Lloyds Banking Group by 114.5% during the 2nd quarter. Raymond James & Associates now owns 2,487,006 shares of the financial services provider’s stock worth $6,790,000 after acquiring an additional 1,327,589 shares during the period. Hedge funds and other institutional investors own 2.15% of the company’s stock.

Lloyds Banking Group Stock Performance

Shares of NYSE LYG opened at $2.95 on Friday. The stock’s 50-day moving average is $3.08 and its 200 day moving average is $2.89. The stock has a market cap of $45.34 billion, a price-to-earnings ratio of 7.56 and a beta of 1.34. Lloyds Banking Group plc has a 1-year low of $1.88 and a 1-year high of $3.24. The company has a current ratio of 1.45, a quick ratio of 1.48 and a debt-to-equity ratio of 1.89.

Lloyds Banking Group (NYSE:LYG) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.09 EPS for the quarter. Lloyds Banking Group had a net margin of 12.40% and a return on equity of 10.34%. The firm had revenue of $9.55 billion for the quarter. On average, sell-side analysts anticipate that Lloyds Banking Group plc will post 0.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. BNP Paribas raised shares of Lloyds Banking Group from a “neutral” rating to an “outperform” rating in a report on Friday, July 5th. The Goldman Sachs Group initiated coverage on Lloyds Banking Group in a research report on Friday, October 4th. They set a “neutral” rating for the company. Royal Bank of Canada cut Lloyds Banking Group from an “outperform” rating to a “sector perform” rating in a report on Friday, July 26th. Citigroup lowered Lloyds Banking Group from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Lloyds Banking Group in a research note on Tuesday, July 30th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2.75.

Lloyds Banking Group Profile

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. It operates in three segments: Retail; Commercial Banking; and Insurance, Pensions and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal customers.